Dapper Labs Cuts 22% of Staff as NFT Market Craters

At the same time, on-chain data shows that market interest in Dapper Labs’ products is declining, following a broader trend of investors shying away from NFTs. On NBA Top Shot, October sales volume came in at $2.6 million, down from $40.8 million during the same time last year. During the height of NFT mania, the NBA Top Shot marketplace generated $224 million worth of NFT trades in February 2021 across 80,822 unique buyers and 1.2 million transactions.